@dmertz wrote:
If the direct rollover was to a Roth IRA, the taxable amount should be in box 2a.
Box 3 should not have any value when there is code G is in box 7 because no amount of a direct rollover is eligible for capital gains treatment. The instructions for box 3 of Form 1099-R explicitly state, "You should not complete this box for a direct rollover."
Contact the plan to obtain a corrected Form 1099-R.
Perhaps you had nondeductible contributions that were rolled to a Roth that should not be taxable and the box 3 amount should have been in box 5. Then box 2a would be the same as box 1 minus box 5. Sounds like they might have just put it in the wrong box.
Again contact the plan.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
